U3.L5 What exactly is CSR?

CSR stands for...

• Chocolate, Sugar, Roams

• Corporate Standars of Raw

• Corporate Social Responsibility

• Corporate Studies Remotely

"coporate citizenship" means that a company or organization should be...

• a good neighbour to the communities that are affected by its prescence.

• a good neighbour to surrounding companies, as itself.

• a good neighbour to other organizations, seeking for similar interests

social welfare could be defined as...

• social services, in general

• the search of wellbeing of privileged citizens

• organized public or private social services for the assistance of disadvantaged groups

Sustainability is attained when...

• a business can last for a long time

• moral obligations are met

• a company has license to operate

• meeting the needs of the present without compromising the capability for future generations

The license to operate is...

• optional, what matters is potential profit

• a crucial condition for an organization to operate in a certain territory and context

• not important as long as there is a deal with the current government and local authorities

Moral obligation...

• means that stakeholders are satisfied only when the company balances the impact of its business with socially responsible practices.

• means that stakeholders are satisfied with profit and economic growth, itself.

• means that ethics are being followed

• means that an organization has an ethical dilemma

Building a reputation, for a company or organization is important, because...

• it will improve the company's image and even increase it's value

• it will assure a possitive image in the consumer's mind, if bad news appear.

• it will impact on the loyalti of the clientele, as well as on the retention of more productive workers.

• all previous answers

The main goal of CSR is to combine...

• profit-economic growth-social welfare

• economic progress-social justice-environmental preservation

For a company, being responsible means...

• being compliant of laws and regulations, only

• being complaint with ethical business practices, only.

• not caring for public opinion

• making sure to be complaint with laws and regulations, as well as with ethical business practices, and environmentally friendly practices.

CSR is now recognized because it encourages innovation, reduces costs and gathers workers around a meaningful project.

• TRUE

• FALSE